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| Version 1 | Version 2 |
|---|---|
| NI quango chief paid more than PM | NI quango chief paid more than PM |
| (about 2 hours later) | |
| The chief executive of a Northern Ireland quango has received a salary of more than £213,000 - almost £26,000 higher than the prime minister. | The chief executive of a Northern Ireland quango has received a salary of more than £213,000 - almost £26,000 higher than the prime minister. |
| David Gavaghan also received £34,287 in national insurance and £15,213 in pension contributions as head of the Strategic Investment Board (SIB). | David Gavaghan also received £34,287 in national insurance and £15,213 in pension contributions as head of the Strategic Investment Board (SIB). |
| His £152,131 salary and £61,206 bonus was defended by the Office of the First and Deputy First Minister. | His £152,131 salary and £61,206 bonus was defended by the Office of the First and Deputy First Minister. |
| SIB is charged with delivering investment strategy for NI. | SIB is charged with delivering investment strategy for NI. |
| The limited company is "owned" by the Office of the First Minister and Deputy First Minister (OFDFM). | The limited company is "owned" by the Office of the First Minister and Deputy First Minister (OFDFM). |
| It reports to the Department of Finance and is heavily involved in Private Finance Initiative projects in education, roads and water. | It reports to the Department of Finance and is heavily involved in Private Finance Initiative projects in education, roads and water. |
| 'Applauded the role' | 'Applauded the role' |
| Details of the chief executive's salary were revealed in the SIB's annual report and accounts for 2006/07. | Details of the chief executive's salary were revealed in the SIB's annual report and accounts for 2006/07. |
| In a statement to the BBC, an OFDFM spokesman said SIB needed to attract high calibre, private sector staff with specialist skills. | In a statement to the BBC, an OFDFM spokesman said SIB needed to attract high calibre, private sector staff with specialist skills. |
| "It was therefore necessary to offer competitive salaries. The chief executive's salary and bonus is determined by SIB's remuneration committee, which comprises independent, non-executive directors," he said. | "It was therefore necessary to offer competitive salaries. The chief executive's salary and bonus is determined by SIB's remuneration committee, which comprises independent, non-executive directors," he said. |
| "The chief executive has a vital role in driving forward the £16bn investment strategy for Northern Ireland and his remuneration is set accordingly." | "The chief executive has a vital role in driving forward the £16bn investment strategy for Northern Ireland and his remuneration is set accordingly." |